Shares of Mondelez International were lower Wednesday as the snack manufacturer detailed its U.S. growth strategy after it abandoned its bid for Hershey . Mondelez said that it plans to bring its Milka Oreo chocolate bars to the U.S. The company hopes that the Oreo cookie with Milka chocolate will take a bite out of the $14 billion U.S. chocolate market. It is also expanding its Green & Blacks products in the U.S. premium segment. Mondelez is also hoping to expand its e-commerce operations with the goal of generating approximately $1 billion in revenue in 2020.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
























